How Digital Currency is Changing the Online World

4 Ways Bitcoin is an Internet Game Changer
By 
Coin Cloud Team
, published on 
April 7, 2021
How Digital Currency is Changing the Online World

In 2009 something happened that would change the online world forever. The way that money, art, education, and investing were treated would never be the same. So, what is this world changing thing? That’s right, 2009 marks the year that Bitcoin was launched to the public.

It took a while for Bitcoin’s popularity to pick up, but once it did, forums were filled with questions and new ideas on implementing it into other forms of technology and culture. What is Bitcoin? Who is Satoshi Nakamoto? How do I purchase Bitcoin? How do I mine Bitcoin?

In a matter of months, a powerful and self-educating community of programmers, cryptographers, investors, and business owners had poured their time and energy into the digital currency community, and weren’t intending on stopping any time soon.  

Here are 4 ways digital currency is changing the online world:

1. Culture

These communities didn’t just reside in forums for long, though. No, this newly-found passion for digital currency couldn’t be contained in just text-dialogue format. Instead, they pushed their outlets to other media.

Digital currency connoisseurs, investors, and programmers let their passion seep into formats and platforms like YouTube, podcasts, Instagram, Twitter and Tiktok. Writers even began dedicating their careers to educating others about digital currency through newsletters and articles. These activities populate the internet with entertaining content, even for those who don’t use virtual currency.

2. Technological Innovation

Creative outlets aren’t the only way digital currency lovers have changed the internet. One of the most beautiful things about virtual currency is that the community is so focused on and talented at innovation. As soon as a problem is discovered, someone is out there already creating a solution.

For example, most altcoins were created to improve upon Bitcoin and pave the way for a better future for digital currency. An amazing example of this is Bitcoin Cash, which grew out of a discussion about the Bitcoin blockchain getting overloaded with transactions and, as a result, slower and more expensive to use. Developers responded in 2017 by creating a fork off the Bitcoin blockchain, making each block 8MB in size instead of just 1MB.

This is just one of the many examples of how digital currency has encouraged innovation and community collaboration to create solutions that have never been seen before in the online world.

3. Investing

Most people think of Bitcoin as a potential investment and trading opportunity. With its decentralized nature and dramatically increasing price over the years, it’s caught the eye of investors worldwide. This has led to a strong online presence of investing advice sites, articles, forums, etc.

In fact, the digital currency Dogecoin even had a hand in the Reddit v. Robinhood events in January. And since then, major corporations have been putting Bitcoin on their balance sheets.

4. Art

Something that no one really expected from digital currency was how big a part it would play in the art world. I mean, the two seem to be on opposite ends of a spectrum. But in reality, they interact incredibly well.

One of the biggest concerns for digital artists has always been the fear of their art losing its value since it can easily be downloaded or screenshotted and shared without giving the artist any credit or compensation. The digital currency community found a remedy to this, and it blew up fast.

In case you haven’t seen all the news about Non-Fungible Tokens (NFTs), they allow digital art pieces to be completely unique and irreplaceable. This gives digital artists the same indispensability and exclusivity that handcrafted art has.

All of these factors have come together to completely change not just the internet, but the future of art, entrepreneurship, innovation, technology, and more!

Disclaimer: The information and views supplied on the Coin Cloud blog are for educational and entertainment purposes only. We are not financial advisors, so please do your research and consult with a trusted financial specialist before investing your money.

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